Just spotting these patterns in the 1 hour charts of several currencies and figured I'd share my thoughts :) I'm thinking this is a pretty clear in XRP, which would predict we go down further. It would be unrealistic to see us just keep going right up without major news hitting or something big like that. My thoughts are that we will see a retracement down to perhaps 55 cents or so, see a quick bounce up, and then maybe go even lower. With that said, just my thoughts :) this pattern on the chart, however, certainly predicts that we will go down some more.
Not trading advice, of course (though I'll be following this myself). Would love to hear your thoughts!
All the best,
Don't forget those stop losses.
And if it shoots up higher, then that sucks for me :/ but remember, follow your own trading advice! This is just my own thinking (and remember, I'm pretty new to this lol).
Best of luck trading!